US Crude Climbs to $95.41 a Barrel as US Dollar Weakens

15 May 2011 (Last Updated May 15th, 2011 18:30)

US crude rose to $95.41 a barrel over the weak US dollar and falling US crude inventories. US crude benchmark West Texas Intermediate (WTI) gained 60 cents to $95.41, while Brent crude for August LCOc1 gained $1.49 to $114.50 a barrel. The uncertainty over the oil output fro

US crude rose to $95.41 a barrel over the weak US dollar and falling US crude inventories.

US crude benchmark West Texas Intermediate (WTI) gained 60 cents to $95.41, while Brent crude for August LCOc1 gained $1.49 to $114.50 a barrel.

The uncertainty over the oil output from the Organization of Petroleum Exporting Countries has also affected oil prices, reports Reuters.

Saudi Arabia may increase crude production to up to ten million barrels per day this month.